Replying to Avatar Azz

I want to set up a Bitcoin account for my daughter to pay her pocket money and to put money she gets from friends and relatives for birthdays and Christmas. What I the best option for a 10 year time frame. Something that won't get rugged, that will still be around and that won't have unspendable UTXOs? Is a lightning channel a good option for long term planning? I would love a static address to send to, but don't have the knowledge to run a lightning node with ghost address.
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Deleted Account 2y ago

Might seem crazy but you could get creative with your cold wallet and creating a paper ledger of who owns what sats in that cold wallet. Sounds like regression but for a 10 year time horizon, it would save a lot of headaches

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Azz 2y ago

Yeah, I think the ultimate solution will be ecash fedmints run by families on a shared lightning node that can splice on chain to keep enough liquidity but not too much. Until that is built out a paper ledger may be a good option